Suryoday Bank offers 8.6% on five-year senior citizen FDs
In short
Senior citizens can get up to 8.6% on five-year fixed deposits, with Suryoday Small Finance Bank offering the top rate.
What the reporting says
Senior citizens can earn up to 8.6% on five-year fixed deposits, with Suryoday Small Finance Bank offering the highest rate. The Mint Money summary says Jana and DCB Bank offer 8%, and the comparison covers small finance, private and public sector banks. The rates are relevant for savers looking for higher returns on deposits.
Why it matters
Senior citizens looking at five-year fixed deposits can earn up to 8.6%, with Suryoday Small Finance Bank listed at the top. Jana Bank and DCB Bank are cited at 8%, and the comparison includes small finance, private and public sector banks. The brief is aimed at depositors comparing returns across banks.